About Economics: Subsidies and Educational Arms Races...

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From Jodi Beggs, your Guide to Economics
Hi all,
This week I'm bringing you a post on the ratcheting up of educational requirements (is the B.A. the new high-school diploma?) as well as a classroom-type article on analyzing subsidies. Hope you enjoy them!
Cheers,
Jodi

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More on the Educational Arms Race...
I generally refer to the market for education as an arms race because it has the features of a prisoners' dilemma-type situation where rational actions by individuals result in an overall outcome that may not be efficient. Read More

Analysis of a Subsidy
A per-unit subsidy, on the other hand, is an amount of money that the government pays out to either producers or consumers for each unit of a good that is bought and sold. Read More
Search Related Topics:  government regulation  equlibrium 

An Economist on the Debt, Kindle Single Edition...
Economist David Leonhardt has a new Kindle Single (i.e. short book in electronic format) entitled "Here's the Deal" that helps people make sense of the debate surrounding the national debt,... Read more

Economists Practicing What They Preach, Immigration Edition...
In general, economists agree that legal immigration were enabled for highly-educated foreign workers would be beneficial for the average US citizen. That's easy enough to say in the abstract,... Read more

 


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